How much does Amex Centurion cost?
Bottom Line: The Centurion Card is invite-only and costs $5,000 per year with a $10,000 initiation fee. You’ll earn 1x points on purchases, but the real value is in its impressive list of benefits!
How much is the Centurion card annual fee?
Initiation and Annual Fees An annual fee of $5,000 for the primary cardholder. An annual fee of $5,000 for each additional cardholder (maximum of 2 additional cardholders)
What fees are charged for American Express?
American Express Merchant Fees
|Industry||Discount||Prepaid / Gift Card|
|Restaurant**||3.50% plus $0.05 Transaction Fee*||1.95%|
|Retail**||2.89% plus $0.10 Transaction Fee*||1.95%|
|Services, Wholesale & All Other||2.89% plus $0.15 Transaction Fee*||1.95%|
|Supermarkets||2.30%||$0.20 Transaction Fee*|
Is the Amex Centurion card a charge card?
The Centurion Card from American Express, also referred to as the Amex Black Card, is a former charge card that comes with an initiation fee of $10,000 and an annual membership fee of $5,000.
How hard is it to get a black American Express card?
Known simply as the “Black Card,” you need an invitation to get Amex Centurion. And only the super rich and famous can expect to get the call, as it’s rumored that you must charge at least $1 million per year to an American Express credit card to even qualify.
How do I get invited to have a Centurion card?
The Amex Centurion Card is invitation only You need to spend at least $250K per year on Amex cards. You need to have an income of at least a million dollars per year, and/or a high net worth.
What is the hardest American Express card to get?
The Centurion® Card from American Express
The Centurion® Card from American Express, sometimes referred to as the Black Card, may be the hardest credit card to get because you need a special invitation from Amex to apply and there’s a high financial bar to getting the card. It’s been reported the card requires a $7,500 “initiation fee” and a $2,500 annual fee.
Why are American Express fees so high?
The reason behind this is simple—American Express charges merchants a higher fee than competitors do. To be clear, all credit card issuers charge merchants fees in order to accept their credit cards, yet some card issuers choose to charge a higher fee than others.
Who owns a black Amex card?
But we have it on good authority that celebrities including Beyoncé, Oprah Winfrey, and Jerry Seinfeld, who reportedly received the first-ever Black Card, all carry it. Collectively there are thought to be fewer than 20,000 AmEx Centurion cardholders around the world.